ZiG handles about 43 percent of Zimbabwe’s transactions, according to the Reserve Bank of Zimbabwe. RBZ Deputy Governor Innocent Matshe shared the figure with delegates in Victoria Falls, saying a nationwide promotion drive helped push use across payment platforms.
Gold, foreign reserves, and other valuable minerals back the currency. Matshe expressed confidence that its value can remain steady, while calling the wider uptake a good sign for the monetary system.
But banks have not yet seen that growth turn into enough long-term funding for lending. Matshe said building that pool of capital will need more time, which also limits how quickly banks can return to their traditional role of collecting deposits and financing economic activity.
Gold, foreign reserves, and other valuable minerals back the currency. Matshe expressed confidence that its value can remain steady, while calling the wider uptake a good sign for the monetary system.
But banks have not yet seen that growth turn into enough long-term funding for lending. Matshe said building that pool of capital will need more time, which also limits how quickly banks can return to their traditional role of collecting deposits and financing economic activity.
